Update on Carlos GenaroCarlos, a farmer, comes from the Namanji commune, on the outskirts of Estelí. He has been in agriculture for over twenty years. It is his only source of income with which to support his family. Access to loans has been a key ingredient of his managing to produce good quantities and avoid huge losses, since such financial help was always timely, arriving when he needed it most. Moreover, the flawless credit record previous loans allowed him to build now opens him doors when asking for new loans. This one is meant to buy supplies and hire help to sow white onions on a field roughly the size of one and a half city blocks. Carlos hopes for a bountiful harvest of high-quality produce. His goals for the future include growing onions on a larger area and renovating his home.
El este requiriendo un crédito para comprar insumos y pagar mano de obra para sembrar 1.5 manzana de cebolla blanca. Espera una producción de calidad y altos rendimientos. Otro de sus siguientes pasos que le gustaría realizar es ampliar las áreas de siembras de cebollas, mejorar la infraestructura de su hogar.
Previous Loan DetailsCarlos S. is 33 years old, married and has 3 children. He has been farming for more than 20 years and is originally from Namanji region in Esteli. Carlos started helping his parents with their farming at the age of 10. He studied in a humble, small school near his community called Los Morgu... More from Carlos Genaro's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid